Business
1582956 ALBERTA LTD. ACQUIRES APPROXIMATELY 94.4% OF THE ISSUED AND OUTSTANDING SHARES OF SUN GRO HORTICULTURE INC.
Mar. 7, 2011 (Canada NewsWire Group) -- Trading Symbol: The Toronto Stock Exchange - GRO ...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"\n\n\n Mar. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTrading Symbol: The Toronto Stock Exchange - GRO\n\n\nVANCOUVER, March 7 /CNW/ - Sun Gro Horticulture Inc. ("Sun Gro"), today\n announced that it has been advised by 1582956 Alberta Ltd. (the\n "Offeror") that 21,036,424 common shares (the "Sun Gro Shares") of Sun\n Gro have been deposited to the Offeror's offer to acquire all of the\n issued and outstanding Sun Gro Shares for C$6.60 in cash per Sun Gro\n Share (the "Offer"). The Sun Gro Shares deposited to the Offer\n represent approximately 94.4% of the issued and outstanding Sun Gro\n Shares as of March 4, 2011.  Sun Gro has been further advised that\n these Sun Gro Shares were taken up as of March 3, 2011.\n\n\nSun Gro has also been advised that the Offeror intends to exercise its\n statutory rights under the compulsory acquisition provisions of the Canada Business Corporations Act to acquire, at the offer price of $6.60 in cash per share, the\n remaining shares that the Offeror did not acquire under the Offer, as\n described in the Offer. The Offeror anticipates that the compulsory\n acquisition of the remaining shares will be completed no later than\n March 8, 2011. Sun Gro intends to cause the Sun Gro Shares to be\n delisted from the Toronto Stock Exchange and cause Sun Gro to cease to\n be a reporting issuer under applicable securities laws as soon as\n possible.\n\n\nBlair Franklin Capital Partners Inc. acted as ...